There are a couple of different ways to pay yourself and make it easy to have a record of paying yourself which you’ll need when you apply for forgiveness.
The rules state you have to pay yourself over the course of 8 to 24 weeks. We recommend paying yourself over 10 weeks. Take the full loan amount and divide it by 10 to get your weekly salary.
If you have a personal bank account and a business bank account then just transfer your weekly salary once a week for 8 weeks. You can use your bank statement to show the transfer.
If you have a checkbook, you can write yourself a check once a week for 10 weeks and use the checks as proof that you paid yourself a weekly salary.
You can withdraw your weekly salary once a week and save the transaction slip to use as proof that you paid yourself a weekly salary.